bcezz.....they can be withdrawn on demand...n morovrr the most exciting feature they offer ---->> cheque..! it acts as modern era money bcez it can submit transactions widout the involvemnt of cash.....

The facility of cheque against demand deposits make it possible to settle payments without the use of cash.Since,demand deposits are widely accepted as a means of payment it contributes money in the modern world.

the facility of cheque against demand deposit makes it possible to directly without the use of cash.Since demand deposits are accepted widely is means of payment along with currency, they constitute modern form of money